Indian wholesale-price inflation eased to a nine-month low in February as higher borrowing costs helped damp price pressures, suggesting official interest rates will be maintained at their current level next month.
Narendra Modi hasn’t said much about how he’d govern India if he wins the general election in May. One thing is clear: he’s signaling a clean energy revolution to end blackouts and revive economic growth.
America’s $93 billion pipeline of generic pharmaceuticals often starts in places like Toansa, a village in northern India where a drug-making facility rises up beside mustard fields and manure-flecked ox-cart tracks.
Hindalco Industries Ltd. and Essar Energy Plc’s plan to mine local coal to feed their $3.8 billion Mahan aluminum smelter and power plants has stalled after local authorities said they will seek permission from villagers again.
Hindalco Industries Ltd., India’s second-biggest aluminum producer owned by billionaire Kumar Mangalam Birla, expects to achieve full output at its new factory in the central state of Madhya Pradesh by March 2015.